Morepen Laboratories Limited — Others, 06-08-2025: Appointment

Morepen Laboratories' board approved the financial results for the quarter ended June 30, 2025. They set August 30 as the record date for the final dividend, pending shareholder approval at the 40th AGM on September 6. The board also extended the timeline for hiving off the Medical Devices Business into Morepen Medipath Limited, a strategic move. Additionally, Mr. Sanjay Suri was re-appointed as Whole-Time Director for three years, and M/s. PD and Associates were appointed as Secretarial Auditor for five years, both subject to shareholder nod. A key update is the company's stake in Dr. Morepen Limited reducing to 19.94% from 80% after selling 1.53 Cr shares for 30.65 Cr and DML's fresh issue of 7.64 Cr shares for 153.01 Cr to acquire Groom Town Private Limited.